The price of Pepe (PEPE), the Ethereum-based meme coin, remains stable today at $0.0000079, a 32% decline over the past 30 days. For PEPE to erase these losses, it must reach $0.000010, but indicators show this is unlikely.
Recent data shows an increase in PEPE’s Mean Coin Age (MCA), indicating long-held tokens are being reintroduced into the market, leading to heightened transaction activity and potential sell-offs.
On-chain data also reveals a decline in the number of addresses accumulating PEPE, signaling weakening demand. If the trend continues, PEPE could either experience prolonged sideways movement or further price drops.
Technically, a lack of significant buying volume and a negative Balance of Power (BoP) suggest bearish control. The token also trades below the demand zone and the 20-day Exponential Moving Average (EMA), both bearish signs.
However, speculation about a potential Coinbase listing for PEPE could trigger a significant rally. A dedicated page for PEPE on Coinbase's website has fueled these rumors. Such a listing might push the price back to $0.000010 or higher if it materializes.
